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Ice Make Refrigeration Ltd. (IN:ICEMAKE)
:ICEMAKE
India Market
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Ice Make Refrigeration Ltd. (ICEMAKE) Price & Analysis

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ICEMAKE Stock Chart & Stats

₹855.80
₹9.85(1.22%)
At close: 4:00 PM EDT
₹855.80
₹9.85(1.22%)

Bulls Say, Bears Say

Bulls Say
Strong Revenue GrowthRapid and sustained revenue expansion indicates healthy demand and continued scale-up in the refrigeration and cooling-solutions business. Maintaining this top-line trajectory can broaden the operating base and create opportunities for stronger earnings once profitability and cash conversion improve.
Positive Shareholder ReturnsAlthough materially below prior-year levels, positive ROE shows the company is still generating a return from its equity base rather than operating at a loss. This provides an underlying earnings foundation that could support recovery if margins and cash generation stabilize.
Focused Cooling-solutions BusinessA focused position in refrigeration and cooling solutions gives the company a clear operating identity and aligns its resources with a defined industrial need. This specialization can support consistent execution and customer relevance as the business continues its reported scale-up.
Bears Say
Severe Margin CompressionThe sharp decline in gross and net margins shows that higher sales are converting into substantially less profit. Unless the company restores pricing, cost control, or operating efficiency, earnings growth may remain weak even while revenue continues expanding.
Negative Cash GenerationNegative operating cash flow weakens the quality and self-funding capacity of reported growth, while deeply negative free cash flow indicates substantial ongoing cash needs. Persistent deficits can increase reliance on external funding and reduce flexibility to invest or absorb setbacks.
Rising LeverageDebt has grown faster than equity as expansion has been funded with borrowing, reducing financial flexibility. Higher leverage is more difficult to manage alongside weaker margins and negative cash flow, and can constrain future investment while increasing funding risk.

ICEMAKE FAQ

What was Ice Make Refrigeration Ltd.’s price range in the past 12 months?
Ice Make Refrigeration Ltd. lowest stock price was ₹660.30 and its highest was ₹920.00 in the past 12 months.
    What is Ice Make Refrigeration Ltd.’s market cap?
    Ice Make Refrigeration Ltd.’s market cap is ₹11.65B.
      When is Ice Make Refrigeration Ltd.’s upcoming earnings report date?
      Ice Make Refrigeration Ltd.’s upcoming earnings report date is Nov 09, 2026 which is in 63 days.
        How were Ice Make Refrigeration Ltd.’s earnings last quarter?
        Ice Make Refrigeration Ltd. released its earnings results on Aug 13, 2026. The company reported -₹1.036 earnings per share for the quarter.
          Is Ice Make Refrigeration Ltd. overvalued?
          According to Wall Street analysts Ice Make Refrigeration Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Ice Make Refrigeration Ltd. pay dividends?
            Ice Make Refrigeration Ltd. pays a Annually dividend of ₹2.25 which represents an annual dividend yield of 0.3%. See more information on Ice Make Refrigeration Ltd. dividends here
              What is Ice Make Refrigeration Ltd.’s EPS estimate?
              Ice Make Refrigeration Ltd.’s EPS estimate for its next earnings report is not yet available.
              How many shares outstanding does Ice Make Refrigeration Ltd. have?
              Ice Make Refrigeration Ltd. has 15,779,735 shares outstanding.
                What happened to Ice Make Refrigeration Ltd.’s price movement after its last earnings report?
                Ice Make Refrigeration Ltd. reported an EPS of -₹1.036 in its last earnings report. Following the earnings report the stock price went down -2.07%.
                  Which hedge fund is a major shareholder of Ice Make Refrigeration Ltd.?
                  Currently, no hedge funds are holding shares in IN:ICEMAKE
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Ice Make Refrigeration Ltd.

                    Ice Make Refrigeration Limited (ICEMAKE.NS), an Indian firm headquartered in Gandhinagar, designs, manufactures, and supplies a comprehensive range of refrigeration products and cooling equipment. Their extensive portfolio encompasses solutions for cold rooms and dedicated storage, commercial and industrial applications, transport refrigeration, and ammonia-based cooling systems. The company provides tailor-made temperature control solutions to a diverse clientele across numerous sectors. These include the hospitality, food processing (e.g., frozen goods, dairy, ice cream, bakery, beverages, mineral water), healthcare (medicare, pharmaceuticals), agriculture (horticulture), retail, and various manufacturing industries (plastic, chemical). Established in 1989, Ice Make Refrigeration also engages in the export of its products.

                    Ice Make Refrigeration Ltd. (ICEMAKE) Earnings & Revenues

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